AI adoption is hitting an energy wall: why it matters for business
Matt Miller, founder of the British venture fund Evantic Capital ($400 million) and a former partner at Sequoia Capital, has warned that without investment in affordable power plants, including nuclear, the United Kingdom risks losing the AI race. Expensive energy is already deterring data centers and startups from locating their infrastructure in the country.
AI-processed from Bloomberg Tech; edited by Hamidun News
Without investment in affordable energy, companies will be unable to adopt AI at the next level, says Matt Miller, founder of the venture fund Evantic Capital, and the United Kingdom risks losing the global race for artificial intelligence.
Why does AI development require so much electricity?
The rapid growth of AI demands enormous amounts of electricity, and British infrastructure is not yet ready to meet that demand at the required scale.
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